Overview
A. GSA is an investment adviser with its principal place of business in London, United Kingdom. GSA was incorporated on 15
September 2004 and has been registered with the SEC since January 2006. In addition, GSA is authorised and regulated by
the UK’s Financial Conduct Authority.
GSA NY is registered as an investment adviser with its principal place of business in New York in June of 2017.
Such registrations do not imply a certain level of skill or training or that the SEC has endorsed our qualifications to provide the
advisory services described in this brochure.
GSA is owned by its 20 partners. Jonathan Hiscock is the principal owner and the only partner to own more than 25% of the
partnership. The managing member of GSA is GSA Capital Services Limited, a United Kingdom limited company. GSA Capital
Services Limited is wholly owned by GSA Capital Limited, a Cayman Islands limited company. GSA Capital Limited is wholly
owned by Jonathan Hiscock.
GSA NY is a Delaware domiciled Limited Partnership and is wholly owned by GSA PEV LP and GSA NYGP Ltd, both wholly
owned subsidiaries of GSA.
B. GSA provides investment advice and portfolio management services to private pooled investment vehicles and managed
accounts, which are intended
for sophisticated and institutional investors. GSA manages two main families of funds: the GSA
International Funds, and the GSA QMS Funds (collectively, the “Funds”).
C. Each family of GSA Funds consists of at least one Cayman-domiciled master fund and one Cayman-domiciled feeder fund
and, in most cases, there is also a US-domiciled feeder fund. Managed accounts have structures driven by the client investor’s
own requirements, and are typically structured by them, with GSA merely operating a trading account for the duration of its
appointment. GSA NY acts as an investment adviser to GSA. At the time of writing it has no other direct clients.
D. We do not provide tailored investment advisory services to individual investors.
E. We do not participate in wrap fee programmes.
F. 100% of the assets managed by the Advisers are managed at the Advisers’ discretion through a wide range of investment
strategies, but primarily through the deployment of systematic trading strategies, and more specifically in accordance with the
offering materials of each of the Funds. Each of the Advisers is subject to global position and risk limits set by GSA. As of
31st March 2023, the combined net assets under management for the Advisers was approximately US $1.9 Bn.